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The benefits of CBDCs are too great to ignore

Financial Times LogoFinancial Times3d ago

The benefits of CBDCs are too great to ignore - Financial Times

Quick Summary:

CBDCs would also bolster the role of public money — existing today only in the form of physical cash — at time when its use is diminishing.

The gain comes from materially lowering the interest burden on government, reducing distortionary taxes and cutting transactions costs.

It concluded that adopting a digital currency on that scale could permanently lift GDP in their model of an economy by about 3 per cent.

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Article Details

Author / Journalist: Toby Nangle

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 05:00:15 (3 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 825 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 26609405

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 19 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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The story "The benefits of CBDCs are too great to ignore" was covered 3 days ago by Financial Times, a news publisher based in United States.

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Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 19 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/the-benefits-of-cbdcs-are-17409779929679

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